Saturday, December 16, 2017

SME Investment Fund opens Sverdlovsk region operations

SME Investment Fund, previously known as Sverdlovsk Investment Fund, has opened its operations in the Sverdlovsk region as of Thursday, Ural Business Consulting said.

SME Investment Fund will be investing in small and medium-size businesses that already exist, but want to expand.

SME wants to prioritize industries involved in machine-building, new materials, metallurgy, pharmaceuticals, medicine, chemical technologies, IT, electronics, tool-making, timber and the environment. Experts estimate that these are the industries that will make the largest impact on Sverdlovsk’s economic development from 2015 to 2020.

The Sverdlovsk region’s Information Policy Department said companies can apply for investment funds ranging from approximately $218,000 to more than $655,000. Annual interest rates are set at 10 percent.

To receive funds, the applicants must first collect 50 percent of the sum from private investors through selling shares or agreeing to investment loans.

The fund estimates that chosen companies will work with the fund for a maximum of five years.

Organizations in this story

Ural Business Consulting Yekaterinburg, Sverdlovsk Oblast

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